Nordcurrent Group: Interpretation of the Anti-Abuse Provision in the EU Parent-Subsidiary Directive – Opinion Statement ECJ-TF 1/2025 on the CJEU Decision of 3 April 2025 in Nordcurrent Group UAB (Case C-228/24)

Kofler, Georg; Prats, Alfredo Garcia; Haslehner, Werner; Kemmeren, Eric; Lang, Michael; Nogueira, João Félix Pinto; Panayi, Christiana H. J. I.; Raventós-Calvo, Stella; Richelle Graulich, Isabelle; Rust, Alexander

doi:10.59403/v6y668

Article (Scientific journals)

Nordcurrent Group: Interpretation of the Anti-Abuse Provision in the EU Parent-Subsidiary Directive – Opinion Statement ECJ-TF 1/2025 on the CJEU Decision of 3 April 2025 in Nordcurrent Group UAB (Case C-228/24)

Kofler, Georg; Prats, Alfredo Garcia; Haslehner, Werner et al.

2025 • In European Taxation, 65 (7), p. 302 - 305

Peer Reviewed verified by ORBi

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https://hdl.handle.net/2268/340192

DOI
10.59403/v6y668

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Keywords :

Droit fiscal européen - directive mères-filiales - disposition anti-abus - European tax law - Parent-subsidiary directive - anti-abuse provision

Abstract :

[en] In this CFE Opinion Statement, submitted to the EU Institutions in May 2025, the CFE ECJ Task Force comments on the CJEU’s decision of 3 September 2024 in Nordcurrent Group UAB (Case C-228/24), in which the Court concluded that the notion of abuse requires both an objective element – namely the existence of a non-genuine arrangement – and a subjective element – namely the intention to obtain a tax advantage that defeats the object or purpose of the Directive. Further, in deciding whether an arrangement is a non-genuine arrangement, all facts and circumstances have to be taken into account, employing a wide time horizon. Regarding the tax advantage, it does not suffice to take a look at the participation exemption in isolation. The overall tax burden of the investment has to be taken into consideration.

Disciplines :

Tax law

Author, co-author :

Kofler, Georg; Institute for Austrian and International Tax Law of WU Wien, Austria

Prats, Alfredo Garcia; University of Valencia, Spain

Haslehner, Werner; University of Luxembourg, Luxembourg

Kemmeren, Eric; Fiscal Institute Tilburg of Tilburg University, Netherlands

Lang, Michael; Institute for Austrian and International Tax Law of WU Wien, Austria

Nogueira, João Félix Pinto; Universidade Católica Portuguesa, Portugal

Panayi, Christiana H. J. I.; Queen Mary University of London, United Kingdom

Raventós-Calvo, Stella

Richelle Graulich, Isabelle ; Université de Liège - ULiège > HEC Liège : UER > UER Finance, Comptabilité et Droit : Droit fiscal

Rust, Alexander; Institute for Austrian and International Tax Law of WU Wien, Austria

Language :

English

Title :

Alternative titles :

[fr] Nordcurrent Group: interprétation de la disposition anti-abus de la directive mères-filiales - Opinion Statement ECJ-TF 2/2025 concernant l'arrêt de la CJUE du 3 avril 2025 dans l'affaire Nordcurrent Group UAB (Case C-228/24)

Original title :

[en] Nordcurrent Group: Interpretation of the Anti-Abuse Provision in the EU Parent-Subsidiary Directive – Opinion Statement ECJ-TF 2/2025 on the CJEU Decision of 3 April 2025 in Nordcurrent Group UAB (Case C-228/24)

Publication date :

2025

Journal title :

European Taxation

ISSN :

0014-3138

eISSN :

2352-9199

Publisher :

International Bureau of Fiscal Documentation (IBFD)

Volume :

Issue :

Pages :

302 - 305

Peer reviewed :

Peer Reviewed verified by ORBi

Development Goals :

16. Peace, justice and strong institutions

Additional URL :

https://research.ibfd.org/document/et_2025_07_e2_1

Available on ORBi :

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Bibliography

CJEU, 3 Apr., Nordcurrent Group UAB, C-228/24, ECLI:EU:C:2025: 239.
CJEU, 26 Feb. 2019, T Danmark and Y Denmark, C-116/16 and C-117/16, ECLI:EU:C:2019:135.
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Regarding the recognition of the Tax Dispute Commission as a court allowed to make a referral, in the sense of the Treaty on the Functioning of the European Union of 13 December 2007, OJ C115 (2008), art. 267, see CJEU, 21 Oct. 2010, Nidera Handelscompagnie BV v. Valstybinė mokesčių inspekcija prie Lietuvos Respublikos finansų ministerijos, C-385/09, ECLI:EU:C:2010:627.
C-228/24, Nordcurrent Group UAB, para. 19.
C-116/16 and C-117/16, T Danmark and Y Denmark.
C-228/24, Nordcurrent Group UAB, para. 31.
Council Directive 2016/1164 of 12 July 2016 Laying down Rules against Tax Avoidance Practices that Directly Affect the Functioning of the Internal Market, OJ L 193/1 (2016).
Council Directive 2003/49/EC of 3 June 2003 on a Common System of Taxation Applicable to Interest and Royalty Payments Made Between Companies of Different Member States, OJ L157 (2003).
Council Directive 2009/133/EC of 19 October 2009 on the Common System of Taxation Applicable to Mergers, Divisions, Partial Divisions, Transfers of Assets and Exchanges of Shares Concerning Companies of Different Member States and to the Transfer of the Registered Office of an SE or SCE between Member States (Codified Version), OJ L310 (2009).
OECD, Model Tax Convention on Income and on Capital 2017 (Full Version) (OECD, 2019).
CFE ECJ Task Force, “Opinion Statement ECJ-TF 2/2019 on the ECJ Decisions of 26 February 2019 in Cases C-115/16, C-118/16, C-119/16 and C-299/16, N Luxembourg I et al, and Cases C-116/16 and C-117/17, T Danmark et al, Concerning the “Beneficial Ownership” Requirement and the Anti-Abuse Principle in the Company Tax Directives”, Eur. Taxn. 59, no. 10 (2019): 500, https://doi.org/10.59403/3ggxtef.
See Council of the European Union, Draft Minutes of 10 February 2015, 5547/15 ADD 1.